The Federal Reserve's most important function is to change the money supply in order to smooth out the business cycle
a. True
b. False
Indicate whether the statement is true or false
True
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The returns from productive capital investment are determined by interest rates
Indicate whether the statement is true or false
The owner of a health club asks you for advice about whether the company should raise or lower the price of its membership this year based on the following information: last year the club raised the price of its membership by 5% and the number of
members paying the same fee fell by 7%. Please provide the best answer for the statement.
An industry is in ________ if firms have no incentive to enter or exit in the ________ run.
A. disequilibrium; long B. disequilibrium; short C. equilibrium; long D. equilibrium; short
How does investment in capital goods and infrastructure contribute to economic growth?
Please provide the best answer for the statement.